Northern Dynasty Minerals registered the highest gains this week, followed by Shore Gold, Luna Gold, Kirkland Lake Gold and North American Palladium.
The S&P/TSX Composite index (INDEXTSI:OSPTX) had quite the week. The index started the trading week at 14,600.29, built up to a high of 14,845.94 on Thursday morning, but took a tumble by 1.28 percent to 14,555.41 points by the close of market hours on Friday.
It was, after all, the week Donald Trump shocked the world and markets when he won the US presidential elections. Last week also saw gold, silver, and copper go through peaks and valleys as commodities reacted to the US elections.
Companies that registered the highest gains over the five-day period included:
- Northern Dynasty Minerals (TSX:NDM)
- Shore Gold (TSX:SGF)
- Luna Gold (TSX:LGC)
- Kirkland Lake Gold (TSX:KLG)
- North American Palladium (TSX:PDL)
Here is a closer look at those companies:
Northern Dynasty Minerals
First on the list of gainers is Northern Dynasty Minerals, a Vancouver-based exploration and development company focused on the Pebble Project in Alaska, USA. The Pebble Project has a current resource estimate that includes 6.44 billion tonnes in the measured and indicated categories containing 57 billion lb copper, 70 million oz gold, 3.4 billion lb molybdenum and 344 million oz silver The company is currently ongoing litigation under the Federal Advisory Committee Act. reporting on October 27 that its wholly-owned subsidiary, Pebble Limited Partnership and the US Environmental Protection Agency have filed a joint Notice to enter into mediation.
Northern Dynasty Minerals registered gains of 77.78 percent and ended the 5-day trading week at $0.08. The stock has gained 161.76 percent year-to-date.
Shore Gold is currently exploring and developing diamond resources in Saskatchewan, on its FALC-JV and Star Diamond Project in the Fort à la Corne forest in central Saskatchewan. Last week, the company announced its Q3 results and as of November 10, 2016, the Company had approximately $3.6 million in cash and cash equivalents and short-term investments.
Shares of Shore Gold have gained 7.89 percent over the 5-day trading period and closed the week at $0.21.
Luna Gold is exploring and developing the Aurizona Mine in northern Brazil. The company announced its Q3 results last week, highlighting that it has raised $10.3 million through private placement and warrant exercise, and completed a ten for one consolidation of share capital.
Shares of Luna Gold gained 4.17 percent over the 5-day trading period and closed the week at $2.50. The stock has gained 455.56 percent year-to-date.
Kirkland Lake Gold
Kirkland Lake Gold is a gold producer with projects in northeastern Ontario. Back in September, the company announced a definitive agreement with Newmarket Gold (TSX:NMI) whereby the two companies will create a new mid-tied gold company. Closing of the transaction is anticipated to take place in the Q4 of 2016 but last week, the company announced that a joint, unsolicited, revised acquisition proposal with a value of $1.44 billion payable in cash and shares of Silver Standard Resources. Gold Fields Netherlands Services B.V. and Silver Standard Resources made these proposals on a joint basis.
Kirkland Lake Gold gained 2.42 percent over the 5-day trading period and closed the week at $8.04 per share.
North American Palladium
Fifth on the list is North American Palladium, a precious metals producer operating the Lac des Iles mine in Ontario, Canada. Lac des Iles is one of only two primary producers of palladium in the world, and the company reported that the mill processed 520,002 tonnes of blended feed at an average grade of 2.5 g/t palladium in Q3.
Shares of North American Palladium gained 1.98 percent over the 5-day trading period and closed the week at $5.15 per share.
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Data for 5 Top TSX Stocks articles is retrieved each Friday after market close using The Globe and Mail’s market data filter. Only companies with a market capitalization greater than $50 million prior to the week’s gains are included. Companies within the mining and precious metals sectors are considered.
Securities Disclosure: I, Pia Rivera, hold no direct investment interest in any company mentioned in this article.
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